Brent tops $114, European gas at 4-yr high on Mideast tensions, tight LNG
Published 1 d ago6 sourcesEvidence: Reported
Global oil prices hit $117 a barrel, the highest since April, driven by investor concerns that the war in Iran could escalate and further threaten energy supplies. The price jump reflects market pricing of heightened supply risk, though the actual supply disruption remains uncertain. This matters because sustained high oil prices could feed inflation and weigh on global growth.
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